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1 pts Question 5 Illawong Resources an Australian company is importing Widgets from Spain and currently the exchange rate is AUD/EUR 0.64. Illawong has agreed

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1 pts Question 5 Illawong Resources an Australian company is importing Widgets from Spain and currently the exchange rate is AUD/EUR 0.64. Illawong has agreed to purchase 790,000 widgets from a widget maker in Spain for 10.3 per Widgets with delivery and payment in 3 months' time. Illawong expects to sell the Widgets for AUD $27.8 per Widget in Australia. If the 3-month spot exchange rate is AUD/EUR 0.69. What profit the company make when it settles with the widget maker in Spain

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